Solvay Sets €3-Billion Ebitda Target Post Rhodia Acquisition

7:26 AM MDT | April 27, 2012 | —Natasha Alperowicz

Clamadieu: Double-digit growth. Solvay has outlined profitability targets for 2016 as part of the group’s planned transformation following the acquisition of Rhodia seven months ago. Jean-Pierre Clamadieu, who will become Solvay’s CEO on May 11, announced the company’s ambitions at a capital markets day, held in London last week. These include reaching €3 billion ($3.94 billion) in recurring Ebitda (Rebitda) in 2016, compared with €2.07 billion in 2011; additional savings targets; and prioritizing the group’s most lucrative...